Arbitrum (ARB) Emergency Rescue After the Kelp DAO Hack


Unlocking $71 million USD in ETH: The governance council of Arbitrum (Arbitrum DAO) has just held a vote and decided to unlock approximately 30,766 ETH (worth about $71 million USD).
Reason: This emergency move is a direct intervention following a serious vulnerability exploit that caused $290 million USD in damages targeting Kelp DAO (reports say this was an attack by North Korean hacker groups).
Purpose: The fund will be transferred to the DeFi United Recovery Fund to minimize losses for users, remedy the aftermath, and stabilize the decentralized finance (DeFi) ecosystem on the network.
ARB-3.87%
ETH0.63%
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Manhtantg
· 9h ago
It's up, it's up
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